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Global Mobile Robotics Market: Large Untapped Market, a Key Growth Opportunity, says TMR

Posted on Nov 18, 2016

The global mobile robotics market is led by players such as iRobot Corporation, KUKA Robotics, Swisslog, Adept Technology, Barrett Technology, John Deere, Seegrid, Amazon, and Gecko Systems Intl. Corp., among others, as per Transparency Market Research. The global mobile robotics market is growing rapidly, although it is a niche market. There will be high competition in the market owing to a number of companies proliferating in the market. Manufacturers in the market are working on customized solutions for enhancing the scalability and integrity of their products.

The global mobile robotics market is predicted to rise at a 12.60% CAGR between 2013 and 2019.  This market is poised to touch US$14,202.2 mn by 2019. In terms of travelling environment, the segment of unmanned ground vehicles (UGVs) held the top share of 45.5% in the market in 2012. This is due to the rising demand for agricultural robots in applications such as food production, milking, and farming. However, the segment of unmanned aerial vehicles is predicted to experience the most substantial development in the market owing to the rising utilization of drones in civil and defense applications.

Defense and Military Segment to Grow at a Whopping 12.60% CAGR from 2013 to 2019

On the basis of application, the segment of defense and military held the most significant share in the market in 2012, though the domestic application segment was the most lucrative segment. The defense and military segment is poised to rise exponentially at a 12.60% CAGR from 2013 to 2019. This is due to the high demand for UAVs in numerous missions such as regional law enforcement, weather determination, surveying, mapping, border surveillance, and military attacks. The defense and military segment was trailed by the segment of warehousing and logistics in the same year.

Geographically, Asia Pacific led the market in 2012 and constituted a share of 34.2%. This is due to the increased implementation of mobile robots in field and domestic applications. This region will witness the most exponential growth and will reach 35.8% by 2019. The North America mobile robotics market trailed and held the second position in the market in the same year. The reasons for the superiority of this region is the utilization of AGVs and UAVs in defense application.

Rising Government Grants and Funds Globally to Augment Market Growth

The global mobile robotics market is fuelled by the rising integration of mobile robots with smart appliances, products, and mobile technologies, states a TMR analyst. In addition, the rising funds and grants given by governments globally will support the development of this market. Furthermore, the growing venture capital investments within service robotics companies will bode well with the growth of the market. This is because of the skyrocketing demand for drones, pushing venture capital investors to invest in drone-related startups. The large untapped market is a key opportunity in this market. “However, factors such as dearth of experts in research and development of mobile robotics may emerge as a roadblock in the development of the global mobile robotics market,” says a TMR analyst.

This information is based on the findings of a report published by Transparency Market Research titled, “Mobile Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019.”

The global mobile robotics market is segmented as follows:

Mobile Robotics Market, by Travelling Environment

  • Unmanned Ground Vehicles (UGVs) including Automated Guided Vehicles (AGVs)
  • Unmanned Aerial Vehicles (UAVs) including drones
  • Unmanned Surface Vehicles (USVs)
  • Autonomous Underwater Vehicles (AUVs)

Mobile Robotics Market, By Applications

  • Logistics and warehousing
  • Others include mobile robots used for automotive Industry, assembly, coating and dispensing, panting and depainting and inspection applications
  • Defense and military
  • Medical and healthcare
  • Field applications include mobile robots used in nuclear environments, agricultural purposes, forest harvesting, and mining
  • Domestic
  • Entertainment

Mobile Robotics Market, By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (Africa, Middle East and Latin America)

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